A systematic relationship between two variables in which a change in one implies a corresponding change in the other is called ________
A) causation
B) analysis of variance
C) covariance
D) deviation
E) standard deviation
C
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For a levered firm, EBIT is equivalent to:
A. Net income B. Pro forma earnings C. Operating profit D. Net income before taxes
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What will be an ideal response?
On October 1, Black Company receives a 6% interest bearing note from Reese Company to settle a $20,000 account receivable. The note is due in six months. At December 31, Black should record interest revenue of
A) $0 B) $100 C) $300 D) $600
The mirror image rule states that ________
A) the offeree's counteroffer should match the value of the offeror's offer B) the offeree is allowed to modify the terms of the offer C) the offeror can modify the terms of the offer even after the offeree has accepted them D) the offeree must accept the terms as stated in the offer